XPeng (NYSE:XPEV) Stock Rating Upgraded by Nomura Securities

Nomura Securities upgraded shares of XPeng (NYSE:XPEV - Free Report) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and upped their target price for the company from $8.80 to $18.00 in a research note on Monday, February 24th. Daiwa Capital Markets restated a "neutral" rating and set a $24.00 target price on shares of XPeng in a research note on Wednesday, March 19th. Macquarie reiterated a "neutral" rating and issued a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. Sanford C. Bernstein raised their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a research note on Wednesday, November 20th. Finally, China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 target price on the stock in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, XPeng presently has a consensus rating of "Hold" and a consensus price target of $21.84.

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XPeng Trading Down 1.8 %

Shares of NYSE:XPEV traded down $0.39 during midday trading on Tuesday, reaching $21.42. The company's stock had a trading volume of 11,835,984 shares, compared to its average volume of 13,194,545. The business has a 50 day moving average price of $18.48 and a 200 day moving average price of $14.18. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng has a 1 year low of $6.55 and a 1 year high of $27.16. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of -24.61 and a beta of 2.68.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Research analysts forecast that XPeng will post -0.96 EPS for the current year.

Hedge Funds Weigh In On XPeng

A number of hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of XPeng by 14.2% in the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock valued at $3,001,000 after buying an additional 31,538 shares during the period. Y Intercept Hong Kong Ltd bought a new position in XPeng in the third quarter worth about $6,233,000. FMR LLC boosted its stake in XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after acquiring an additional 295,536 shares during the period. Savant Capital LLC bought a new position in shares of XPeng during the fourth quarter valued at approximately $229,000. Finally, TMT General Partner Ltd bought a new position in shares of XPeng during the fourth quarter valued at approximately $205,501,000. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.